68
Q:

What is the meaning of TDS? How it is charged? 

Answer:



Q:

Accounts that normally have debit balances are

A) Assets,Expenses,and Common stock B) Assets,Dividends,and Expenses
C) Assets,Expenses,and Revenues D) All of the above
 
Answer & Explanation Answer: B) Assets,Dividends,and Expenses

Explanation:
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0 53
Q:

Standard deviation measures which type of risk?

A) Non diversifiable B) Economic
C) Systematic D) Total
 
Answer & Explanation Answer: D) Total

Explanation:

Standard deviation measures total risk in stocks.

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1 54
Q:

Which of these is an example of eminent domain?

A) a corporator forces public for sell their lands to him B) a state forces people to sell their fields for building highway
C) Both A & B D) None of the above
 
Answer & Explanation Answer: B) a state forces people to sell their fields for building highway

Explanation:

A legal strategy that allows a government to grab hold of private property for public use is known as eminent domain. The seizing authority must pay fair market value for the property seized.

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1 55
Q:

Which of the following is not a direct tax?

A) Sales tax B) Corporation tax
C) Wealth tax D) Estate tax
 
Answer & Explanation Answer: A) Sales tax

Explanation:

Direct tax is a tax directly paid to the government by the individuals or organizations on whom it is imposed. Sales Tax is paid for the sales of certain goods and services.

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0 88
Q:

Which of the following bonds has the greatest interest rate price risk?

A) a 10 year, 5% coupon bond B) a 5 year, 5% coupon bond
C) a 5 year, 10% coupon bond D) a 10 year, 10% coupon bond
 
Answer & Explanation Answer: A) a 10 year, 5% coupon bond

Explanation:

A 10 year, 5% coupon bond has the greatest interest rate price risk.

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0 104
Q:

Select the correct statement regarding fixed costs.

A) Because they do not change, fixed costs should be ignored in decision making. B) The fixed cost per unit decreases when volume increases.
C) The fixed cost per unit does not change when volume decreases. D) The fixed cost per unit increases when volume increases.
 
Answer & Explanation Answer: B) The fixed cost per unit decreases when volume increases.

Explanation:

The fixed cost per unit decreases when volume increases is the correct statement regarding fixed costs.

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0 113
Q:

The chart of accounts is designed to

A) alphabetized the accounts to make reading easier for its financial statement users B) summarize the transactions and determine their ending balances
C) meet the information needs of a company and other financial statement users D) analyse the accounts and organize them in order of dollar amount to simplify the accounting information for users
 
Answer & Explanation Answer: C) meet the information needs of a company and other financial statement users

Explanation:

The chart of accounts is designed to to meet the information needs of a company and other financial statement users.

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Filed Under: Accounts Payable - Accounting and Finance
Exam Prep: CAT , Bank Exams
Job Role: Bank PO , Bank Clerk , Analyst

0 77
Q:

Liabilities are defined as

Answer

The words "asset" and "liability" are two very common words in accounting. Liabilities are legally binding obligations that are payable to another person or entity. Accounts payable, loans, mortgages, deferred revenue,... come under liabilities.

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